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Italian GDP up 16.1% in Q3, down 4.7% YoY

Friday 30 October 2020 | 14:12 CET | News
Italy's gross domestic product surged by 16.1 percent in the third quarter of 2020 compared to the previous three months, according to the latest data from state statistics agency Istat. The rise was even higher than expected after consumer spending plummeted 13.0 percent and 5.5 percent in the previous two quarters during the Covid-19 lockdown. Istat said industry, agriculture and services all posted a rise in the third quarter, although GDP was still down 4.7 percent on an annual basis.

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